announcer ] returns are easy with free pickup fromtheu.s. postalservice. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> john: today in california, police announced they have arrested a potential copy cat after the deadly shooting in newtown, connecticut. they say he posted threats on facebook targeting elementary schools in los angeles. when they found him at his parents' home, this also came across not one, but nine firearms, including rifles and a shotgun. trace gallagher is live on our west coast news room. we're getting breaking news from the district attorney. >> yeah. we just got this from the d.a. the d.a. is now saying they are not going to file charges against 24-year-old kyle and the reason why is because he didn't make a specific threat toward a specific school or child. the deal is that he posted on facebook several times after the connecticut shooting that if other people didn't stop posting about it, he was going to go out and do the same thing. telling people on fac

, and the aerospace industry intheu.s.? att. rowe price, we understand the connections of a complex, global economy. it's just one reason over % of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your wor. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this so. >> it is 22 minutes past the hour. i have your fox news minute. school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not pic

theu.s. postalservice the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. >> it nicky halle makes an announcement. congressman tim scott. tim scott went on the record . >> governor, nice to see both of you. >> hey, greta. how are you? >> i am well. this is an exciting day for south carl scarl and first freck freck senator from the south since 1881 and the first freck freck gop septemberor in the senate since 1979. i take it. even though it is fun to be first. it is not the reason you chose congressman scott. >> what we were looking for south carl exarl and the country was leader and congressman scott showed leadership on the way he moved up through the house leadership without compromising his courage. he fought against raising the debt soling. he's done all of that in a way to make south carolina provide.

august. so given that the weakest part oftheu.s. economyhas been capital spending related to the public policy uncertainty, i don't see an avoid the worst case scenario is significantly different from our base which was $1508 billion of fiscal drag which would impact the economy in the beginning of the year. >> barry, don't you think that -- do you really think that the market is going to get that granular, that it's going to get -- the ins and the outs, every last little part of the deal? once word filters on cnbc and other news outlets that a deal has been reached or at least the substance thereof, a framework of the deal has been reached? you know which way the market is going to go, don't you? >> i think it's already done it. this is the psychology that we heard prior to qe forever being announced in september and, of course, the market ripped the day after the qe forever was announced and then that was the peak. right? so, look, you guys are the traders. you're responsible for picking this short-term peaks and troughs. i'm no longer in training. i'm in research now. i

keep guns out of places that they are not allowed to be in this country,theu.s. congressin 1988 passed something called the undetectable firearms act. it said basically, your gun has to be detectable in an x-ray scanner. it has to have the equivalent x-ray signature of 3.7 ounces of stainless steel, even if you take out the magazine and the stock and the grips. even with those parts taken off, the remaining guts of the gun need to have a substantial metal component. so they will be seen on an x-ray machine. because of that law, we do not have fully plastic guns. that law was first passed in 1988. it was not particularly controversial. the vote in the house on that was 413 to 4. and president ronald reagan signed it. and tyranny was not unleashed upon the land. it is not controversial now that it is illegal to manufacture or sell a gun in the united states that is built to evade detection by standard means. we don't have plastic guns. we banned plastic guns. the ban has been renewed several times since. it is up for renewal again next year. when it comes up for renewal next year.

precipitously.theu.s. dollar,now a dollar 302 by the euro. six months ago. this was more like a dollar 25. deming, the dollar has done really week of the last rebel days, has it not? >> i am really shocked at the euro is doing as well as it is. somewhere down the line there will have to ease. it has been doing this as the whole time. has a lot to do with the fed meeting last week. the special -- perpetual qe and is not doing anything to help the ballot right now. liz: in the end you do want a strong dollar. i know some big multinational space to the u.s. that not only won a weak dollar to make our products cheaper, but i'll talk to carlos about this in a minute. let me get to that nymex. obviously whale is an interesting play, but i you guys talking a lot about this gold price behavior? this is really weird. >> well, it is tied in w dollar. so many people leading the same way. all the sudden you start to see it. stocks got hit and people start to panic. you basically have people that look in to say, you know, this dollar is going to get smacked. the reverse my position. liz: speaking of s

. it is called project blitzkrieg. get this, in early pilot program they have already stole $5 millionfromu.s. bankaccounts. here to talk about how to protect your hard-earned cash. we have colonel layton, security analyst and former deputy director with the national security agency. colonel, welcome back to the show. i should say colonel cedric layton. >> my pleasure, melissa. great to be with you. melissa: break this down for me. what exactly is going on? >> what is going on, melissa. there is a guy named --. melissa: i'm glad you had to say that, not me. >> he is, basically means thief in law. in russian. so he is literally a godfather-like figure within the russian hacker community. he is very brazen. posts a lot of stuff on youtube that talks about exactly what he will do. he is interested in going after people's money and he is targeting particularly affluent private banking customers, rich people all over the world but particularly in the united states. and during this last attack, that he was involved in, this basic test run for operation blitzkrieg, what he ended up doing he ended u

with cash for alaska andine cuba. that's coming up. ♪ [ male announcer ] with free package pickup fromtheu.s. postalservice the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. >> brian: last thing you want to see is extreme weather extreme waste by the government. that's what we are getting in the last hurricane sandy relief bill . >> gretchen: only a traction is dedicated. the rest goes to government projects that have nothing to do with the storm. how can that be? councilman, why is alaska fisheries getting $150 and u.s. bases. >> we have a spending cap and under the budget agreement the government it except in cases of emergency. this is epped run around the budget process . we don't just have fisheries. we have amtrak subsidy for 366 million. and that is in addition to the subsidies we give them and only 23 million

versus the dollar on speculationthatu.s. lawmakerswill reach a deal on the fiscal cliff. why that makes the euro so much stronger, you know, the euro hit intraday high of 1.3238, it is up 1.6% so far this month alone against the greenback. homebuilder confidence jumping to its highest level in more than six and a half years in december. the national association of homebuilder index posting its climbing 2 points to 47 this , month. a lot of optimism today. david: and we have the numbers from oracle. they are out. adam shapiro has been parsing through he numbers. adam: investors will be pleased with oracle. revenue of 9.1 billion, up 3%. and the street was expecting 9.02 billion. one thing i want to tell you from the press release, they are saying that cloud software subscriptions revenues were up 17% to 2.4 billion. and that's one of the things that investors are really paying attention to as oracle goes into that space. david: that is one of the things they are pushing most heavily into. adam, hank you very much. let's get reacts from the chicago mercantile exchange. larry,

will definitely check back in with you. melissa: about toinvadeu.s. banksand steal money? a plot straight out of the movies but we will bring you the real-life details straight ahead. lori: heading to break with a big rally on the s&p market today. no need for a safe haven, $22.50 down on that. back with more after this. melissa: welcome back. let's check the market, nicole petallides on the floor of the new york stock exchange watching toyota for us. nicole: watching toyota because sometimes when the news comes through, you can get some clarity on a stock. up about 3% on the moves we are seeing today moving back to neww highs, 52-week highs, highs we have not seen in years. they were ordered to pay record fines over $17 million for failing to report a defect to the u.s. government in a timely matter. toyota has been over the years with all kinds of things including acceleration on the floor mat, etc. back to you. melissa: nicole, thank you so much. lori: time to make money with charles payne. this hour he is helping us make cash in the tech sector with the global leader of cloud infrastructu

a global standpointtheu.s. looksso attractive. equities are cheap intheu.s., andit's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that. importantly whatever happens with bonuses will be no indication what happens with next year because in 2009 a lot of people were hired on contracts, so the firms are forced to actually still have higher payouts than they want to have. 2013 is going to be a much ruder awakening for salaries and total comp on wall street. >> wow. meredith, always nice you have to on the program. >> thank you so much. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon

will be the only african american intheu.s. senate.the but, spent from south carolina elected to succeed jim demint. here to weigh in from the weekly standard. what do you make of this? it is fascinating to me that the only black senator would be a very conservative tea party candidate. >> the irony given all of the hammer and we have seen at the 2012 election about the lack of diversity amongst republicans and what have you is if you look across the republican party and people likely to be leaders in the politics 10, 15 years from now, many republicans of a variety of ethnic and racial backgrounds were most likely to be the leaders whether it is tim scott or marco rubio, brian sandoval, these are people who are widely looked at bipartisan fashion. with that as for the coleaders in america. they're all republicans. gerri: it is really fascinating. this to say about the selection. >> while i get this minority female, that is what everybody wants to talk about, i want to remind everybody he earned this for the person he is, he earned proven and he will continue to earn it for the leadershileaders

? this is big news.>>>u.s. stockfutures are up this morning. markets ended sharply higher yesterday on all optimism that a fiscal cliff deal could come by the end of the year. christine romans is here right now minding our business this morning. she's looking at some of the fallout in the gun industry in the wake of these connecticut school shootings. >> interesting story breaking this morning. cerberus capital management, a private equity firm, making direct investments in companies, investors do, you have teachers, pension funds invest in private equity. listen carefully. cerberus owns freedom group. which owns bushmaster, the company that made the assault rifle that police say was used to kill all of those children and six teachers. this morning, cerberus capital management is saying it will hire someone to try to sell its freedom group company, to sell bushmaster, to sell the company that made that rifle. this is what they say basically. it is apparent that the sandy hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. it is n

. in the marine industry, about 30% of the dealers intheu.s. wentunder during the recession. isn't that extraordinary? but brunswick's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million car bu

is very clear on this it's clear when he was a state senator, clear when he was au.s. senator,it was clear also as president, and he was dealing kno as you well know with a myriad and he of issues and pushing hard and so making sure also that we had theto do e funding to do everything we d needed to do in the justice department. >> but the brady campaign i mean the first year gave obama campa an "f" and there is a report in the "new york times" on sunday after the aurora shooting that the justice department went to the white house, i know you educe weren't there then with ways to expand background checks and to go there was a decision not to go assign that far. not to assign blame but politically how hard is it to take on the in ra. to p >> having passed the brady bill assa and the assault ban, the last rea time we really had gun control it is very hard. that's why what you have to access focus on is criminal access and s the type of guns and make it a law enforcement issue. when i worked for president clinton we had all the police pol chiefs in d.c. and t

created by the federal reserve system and foreign central banks to financetheu.s. trash-- treasury makes it a situation where americans cannot appreciate the fiscal cliff sit. the deficit goes on as if there were no deficits because the banks are printing money to finance it. lou: with the projection that we're looking at a federal reserve balance sheet that will expand by a trail dollars over the course of the -- trillion dollars over the course of the next 12 months. that's significant funding into the monetary system. what do you think? is it a fore gone conclusion we'll see finally, and i'm not encouraging, but saying, finally, the true inflation? >> my own forecast for what it's worth is that the inflation will not really pick up until the unemployment rate falls much closer to 6%. the wages are so much under control that it's made, actually, the working people of america much more competitive with their competitive nations abroad which, i think, will be one of the surprises next year that we may do better next year, even under fiscal cliff arrangements. lou: can we do better

is languishing in one of the most dangerous prisons in mexico on trumped up charges. so why isn'ttheu.s. governmentstepping in eric has that story up next. ♪ ♪ ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we're strong and if we overcame that or if we can overcome that... we can overcome anything. [ sniffles ] ♪ ♪ ♪ >> eric: welcome back. now to a story we had been all over had we not been busy covering the tragic connecticut massacre. marine hammer held behind bars in a mexican jail for four months. he and a buddy were headed to mexico to hunt and fish. they brought a gun with him in a r.v. and hammer was told by the agent to declare the

,au.s. investigationfinds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste

-- before that. >> and he went back after years and moved his-- he came back totheu.s. withhis family and he's he not the only one, and the three wealthiest men in f out and these guys, now, they have he' left and they are their moving out wasn't seen as such heroic move. i think it was a lot of, kind, teeth grinding. so i think that depardieu, who whom this revolt is going to happen. i hope so so for france's sake. stuart: there's an argument in america at the moment raising the tax rate on upper income people and the argument, does it actually bringgin more money. what about france? they've got a much higher tax rate. 75%, is it going to bring in all of the money they thought it would go going to bring in? >> no, it's never going to. in fact, because people like gerard depardieu are productive and make the most money are going to, the idea that you start taxing like crazy people they're going to actually just give you their money, not budge, not change anything, is actually-- >> do you think that france will ever accept much less of a welfare state, real serious cuts in their entitl

a factory in ohio,lastu.s. manufacturingcompany, some pensions put pressure on them and were able to change their mind. >> can the institutional investors big ones, nif them out there, can they put political pressure on congress to move this along or not. >> they can. they don't have a huge amount of money to do such things. i'll put it this way. compared to the amount of money private industry can put, there's no contest. >> dan from "fortune" magazine. thank you very much. sue, thank you. >> next half hour, ty, i'll look at the impact of the sandy hook tragedy had on gun retailers, then we'll talk with a leading mental health expert on whether mental health is being lost in the debate. back in 2:00. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lip

of potential violations oftheu.s. foreigncorrupt practices act that we began more than a year ago. walmart is conducting that massive internal investigation in conjunction with the department of justice and s.e.c. that's in the wake of that previous article published back by the "times" in april which were so damning. the investigation focuses on whether or not they violated the foreign corrupt practices act. they started the investigation a year ago, remember, because "the new york times" began approaching them for comment about the investigation that they were doing themselves. why it started long before the article came out. guys, back to you. >> michelle, we had a big debate before the show whether or not the "times" added anything new, other than grtheir granularity. >> you didn't see any direct lines drawn from what was happening in mexico to any current executives at this point. this article did not even mention eduardo castro, who was head of walmart-mexico at this period of time, and who is definitely one of the people in focus at this time. but i think the granularity adds a lot

or not they are members of the union. neil: i mean, nottheu.s. are-- i talked to lawyers all the time. i never understand you guys. you are so brilliannt. there is an argument to be made that they're not part of the union or could benefit from a government they make, so there might be a stipulation for nonunion union members, do you know what i man? >> plus break this down and make it simple. neil: i like that. it's very effective. go on. neil: employees had to pay a very small percentage of their income to the unions for representation. as a result of this law, it will no longer be mandatory for emoyees to make those payments. as a result, the unions will be representing all of th employees, but without necessarily being paid. it will become a voluntary basis, whether or not these employees want to pay a couple of hundred dollars per year. neil: that is exactly right. do you agree? >> i believe -- is all about choice, givingmployees and workers a choice. if the unions decide that they want to change the way they handle things, then that is on them. perhaps this is a way to get unions to chang

nightwhenu.s. marshalssay th say the suspect has opened felo felony warrants they tried to se serve and they bes are allowed to to return to their homes. no no one else was hurt. >>> a >>> also in prince george's co county, four men that forced into the a house and the inva invasion happened around 2:00 th this morning in fort washington. police say the robbers demanded cash cash and jewelry and the home opener was taken to the hospital wi with a gunshot wouldn't wound t the the back and he's expected to be okay. okay. >> w >> weather and traffic for you ri right after this. [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $149 per month or get $500 holiday bonus cash. >>> good morning, damp and chi chilly around

in spain, and the use of medical technology intheu.s.? att. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull. with investment information, risks, fees and expenses to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf,

, asking for a two-year limit instead. >>> a federal judge has refused tobanu.s. salesof three samsung smart phones, even though a jury decided in august that the models made illegal use of apple technology. that jury also ordered samsung to pay apple more than $1 billion. the judge said monday that apple's demands to ban the phones was too broad of a punishment and that doing so would harm the public. >>> now for a look at what's happening on wall street today, let's go to the new york stock exchange. good morning, kayla. >> good morning, tamron. the economic calendar is slowing, the focus has sharpened on washington. the markets cheeringhat appears to be a deal coming closer, even though economists say that growth still will be sluggish in the u.s. at the beginning of next year. meantime, corporate america shelling out cash in preparation of big tax hikes. some $35 billion already paid out in dividends straight to investors. tamron, back to you. >>> a computer hacker who broke into online accounts of christina aguilera, scarlett johansson, and dozens of other women was sentenced mond

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